Beverly Crusher is a licensed CPA. During the first month of operations of her business (a soleproprietorship), the following events and transactions occurred. April 1- Invested $300,000 cash in the business as initial capital. April 1-Paid office rent of $6000 for the month. April 5-Purchased supplies worth $4,950. April 6-Purchased 4 equipment (computer) valued at $32,500 each. Make an income statemet for April April 10-Purchased 2 printers on account (credit terms) from Ms. Crusher, worth $10,000 each April 15-Paid for the Utility bill worth $3500 April 25- Received $35000 in cash from the business April 30-Paid administrative assistant $12000 for the month. Make an income statement for April
Beverly Crusher is a licensed CPA. During the first month of operations of her business (a soleproprietorship), the following events and transactions occurred.
April 1- Invested $300,000 cash in the business as initial capital.
April 1-Paid office rent of $6000 for the month.
April 5-Purchased supplies worth $4,950.
April 6-Purchased 4 equipment (computer) valued at $32,500 each.
Make an income statemet for April
April 10-Purchased 2 printers on account (credit terms) from Ms. Crusher, worth $10,000 each
April 15-Paid for the Utility bill worth $3500
April 25- Received $35000 in cash from the business
April 30-Paid administrative assistant $12000 for the month.
Make an income statement for April
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